Adani Group Shares Trade Mixed on NSE as Adani Power Leads Rally

Shares of multiple Adani Group companies were trading higher on the National Stock Exchange (NSE) on Tuesday, with Adani Power leading the gains amid renewed buying interest in the conglomerate’s stocks.

Adani Power shares rose ₹7.50, or 3.79 per cent, to trade at ₹205.50 as of 12:19 pm. Buy orders for the stock outnumbered sell orders at a ratio of 55 to 45. Brokerage firm JM Financial maintained its 'Buy' rating on Adani Power with a target price of ₹257, indicating a potential 30 per cent upside. The brokerage's assessment followed a site visit to the company’s Raipur complex, where it noted the turnaround of the 2x685 MW operational plant and the ongoing progress of the 2x800 MW expansion project. Over the past year, the stock has risen 69.32 per cent from a 52-week low of ₹120 recorded in September 2025.

Other group companies also registered gains during the session. Adani Ports and Special Economic Zone climbed ₹56.20, or 3.53 per cent, to ₹1,649.30, reflecting institutional interest with near-even buy-sell pressure. Adani Green Energy advanced ₹40.70, or 3.35 per cent, to ₹1,255.60, with buyers accounting for 53.67 per cent of the order book. Over the past year, Adani Ports and Adani Green Energy have delivered returns of over 23 per cent and 34 per cent, respectively.

Adani Enterprises, the flagship company of the group, was up a modest 0.50 per cent to ₹2,873.40 by mid-session. The stock remains below its 52-week high of ₹3,245. However, having surged about 34 per cent in 2026 so far, it is currently on track to become the top gainer on the Nifty 50 for the year—a position it last held at the end of 2022. That standing was disrupted following a Hindenburg Research report that triggered a major selloff, wiping over $150 billion from the group's market value.

The market response was not uniform across all group entities. Adani Energy Solutions declined ₹30.40, or 2.14 per cent, to ₹1,387, weighed down by heavier selling pressure that constituted 66.61 per cent of its order book. Meanwhile, Adani Total Gas recorded a marginal gain of 0.43 per cent, while Ambuja Cements and ACC posted subdued gains of under 1 per cent.

The broader recovery observed across several group stocks coincides with ongoing share purchases by investors as the conglomerate works to rebuild market confidence following the prior short-seller attack.

"The recent market movement across Adani Group stocks indicates a selective return of investor confidence, driven by fundamental operational updates such as project progress at Adani Power and institutional participation in entities like Adani Ports. While flagship companies are recovering and tracking well in 2026, the divergence in performance among group entities shows that investors are carefully evaluating individual stock fundamentals, asset turnarounds, and order book pressures rather than trading the conglomerate as a single block." — Dr. Shishir Gupta, Founder & CEO, StartupLanes